The proposed bill aims to establish a School Aid Formula Study Commission in West Virginia, which will be responsible for examining and recommending revisions to the current school funding formula. The commission will consist of various members, including four current members of the state school board, representatives from teachers, school personnel, county school boards, parents, charter schools, and the school building authority. The commission is tasked with investigating options for public school funding and making specific recommendations to ensure adequate and stable funding for public education in the state.

The bill outlines the commission's responsibilities, including providing regular updates to the Legislature and completing its study by July 1, 2028. It also specifies that the state board of education will support the commission with staff and facilities, and members will be reimbursed for expenses according to legislative guidelines. The overarching goal of the commission is to modernize the school aid formula to better reflect the needs of students and preserve community schools in light of recent challenges faced by public education in West Virginia.